Explaining Fiscal Policy and Inflation in Developing Countries. Blackburn, K., and Forgues-Puccio. Public profiles for Economics researchers, Various rankings of research in Economics & related fields, Curated articles & papers on various economics topics, Upload your paper to be listed on RePEc and IDEAS, RePEc working paper series dedicated to the job market, Pretend you are at the helm of an economics department, Data, research, apps & more from the St. Louis Fed, Initiative for open bibliographies in Economics, Have your institution's/publisher's output listed on RePEc. Engel, c. and Hamilton, J. D. (1990). Journal of Monetary Economics, 50: 49 – 123. ", Stanley Fischer & Ratna Sahay & Carlos A. Vegh, 2002. Tanzi, V., and Davoodi. Tanzi, V., and Davoodi. Political Consequences of Hunger: Africa south of the Sahara 2008-2011; ... Policy Responses to Food Riots and Political Instability; Discussion and Analysis: From the year, 2007 and 2008 many countries, especially the developing countries, faced the financial crises around the world including Japan, Middle East, China etc. It has been a major hurdle in the development of Pakistan. ", Drazen, Allan & Alesina, Alberto, 1988. Tjøstheim, D. (1986). Ed. & Gordon, David B., 1983. (2005). Threshold Effects in the Relationship between Inflation and Growth. The purpose of this paper is to empirically determine the effects of political instability in Pakistan within compared with India and China. H. R. (2000). Competitive Externalitties and Optimal Seigniorage. Fighting Corruption to Improve Schooling: Evidence from a Newspaper Campaign in Uganda. Public Choice, 135: 207 – 223. The aim of the present study was to explore the causes and consequences of political instability in Balochistan. ", Haider, Adnan & Din, Musleh ud & Ghani, Ejaz, 2011. Political instability occurs when there is a sudden change. ", Robert J. Barro & Xavier Sala-I-Martin, 1992. Sometimes, natural disasters can be a source of significant political instability such as the 2010 Haiti earthquake. Journal of Time Series Analysis, 7: 51 – 72. Iqbal, N., Khan, S. J. I., and Irfan, M. (2008). Journal of European Economic Association, 3: 259-267. ", Barro, Robert J. Manuscript, The Asian Foundation. Organizations with global sourcing needs must understand the potential negative impact political instability can have on productivity, quality, and relationships and create strategies to mitigate risk. Kashmir Economic Review, XVII: 61 – 88. Panel Co-Chair. ", Kydland, Finn E & Prescott, Edward C, 1977. Nordhaus, W. D. (1975). ", Alesina, Alberto & Drazen, Allan, 1991. The causal relationship between Institutions and Economic Grwoth: An empirical investigation for Pakistan Economy. Does Institutions effect growth in Pakistan? Power Dynamics, Institutional Instability and Economic Growth: The Case of Pakistan. Africa is naturally rich with resources like minerals, gems, rubber, radioactive elements, foodstuff, etc. ", Daron Acemoglu & Simon Johnson & James Robinson & Yunyong Thaicharoen, 2002. The problem of political instability generates more serious for a society which is multi ", Alex Cukierman & Sebastian Edwards & Guido Tabellini, 1989. Political Instability and the Concept of Democraticization In Africa Del Monte, A., and Papagni, E. (2001). Rogoff, K. (1985). as Romer, Paul M, 1986. Rogoff, K., and Sibert, A. The Quarterly Journal of Economics, 110: 681 – 710. Democratic Institutions and Variability of Economic Growth in Pakistan: Some Evidence from the Time-series Analysis. Corruption and Inflation. A comparison of Pakistan’s economic performance during different regimes shows that macroeconomic fundamentals tend to show an improvement during the autocratic regimes as compared with those prevailing during democratic regimes. ", Barro, Robert J. Departments of Political Science and Public Administration, Universiteit Leiden. ", Del Monte, Alfredo & Papagni, Erasmo, 2001. Gupta, S., de Mello, L., and Sharan, R. (2001). NBER working paper: 15902. Corruption’s Effect on Growth and its Transmission Channels. (Monetary Policy Department at State Bank of Pakistan), (Pakistan Institute of Development Economics, Islamabad). Political stability according to David Sanders is the discontinuity of a system or the frequency of unstable of unstable events in a political system (sanders 1981:49).Political instability has become a common place in Nigeria’s socio-economic and political society due to the heterogeneous background in which she is composed of. This paper presents a theoretical model with micro-foundations that captures some important features of Pakistan's economy which have emerged in sixty-four years of its history. (2000). Unpublished memo, Department of Economics, University of Karachi, Pakistan. (2008). State-Space Models with Regime Switching. It has been a major hurdle in the development of Pakistan. Economic Policy, 4: 57-98. Corruption, Public Investment, and Growth. Politics and Business Cycles in Industrial Democracies. Modern Hyper- and High Inflations. Political Instability, Political Freedom and Inflation. (2004). "Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan," MPRA Paper 35584, University Library of Munich, Germany. Political instability, stemming from rapid decentralization of the Indonesian government, is the cause of the declining orangutan populations. William Davidson Institute Working Papers Series, The Allocation of Talent: Implications for Growth, The Allocation of Talent: Implicationsfor Growth, University of Chicago - George G. Stigler Center for Study of Economy and State, Government Spending in a Simple Model of Endogenous Growth, Government Spending in a Simple Model of Endogeneous Growth, Government Spending In A Simple Model Of Endogenous Growth, Procyclical Monetary Policy and Governance, Economic Growth in a Cross Section of Countries, Economic Growth In A Cross Section Of Countries, Elections and Macroeconomic Policy Cycles, Elections And Macroeconomic Policy Cycles, Foerder Institute for Economic Research Working Papers, Monetary policies for developing countries: The role of institutional quality, Monetary Policies for Developing Countries: The Role of Institutional Quality, Serial correlation in latent discrete variable models, Democracy, Autocracy and Macroeconomic Performance in Pakistan, Macroeconomic Policy in a Two-Party System as a Repeated Game, Macroeconomic Policy in a Two-party System as a Repeated Game, Distribution and development in a model of misgovernance, Distribution and Development in a Model of Misgovernance, Centre for Growth and Business Cycle Research Discussion Paper Series, Proceedings of the German Development Economics Conference, Kiel 2005, High and Uncertain Inflation: Results from a New Data Set. The above studies are mostly empirical in nature and lack theoretical foundations without which it is difficult to explain how governance, democracy, political instability… Murphy, K. M., Shleifer, A., and Vishny, R.W. Our members are universities across the globe and the scholars who work and study within them; membership benefits both the individual and the institution. European Economic Review, 39: 17 – 33. ", Muhammad Ali Choudhary & Muhammad Nadim Hanif & Sajawal Khan & Muhammad Rehman, 2010. Past famines in Ethiopia (1972 73 and 1984 Macroeconomic Policy in a Two-Party System as a repeated Game. High and Uncertain Inflation: Results from a new dataset. Past famines in Ethiopia (1972 73 and 1984 Institutional causes, macroeconomic symptoms: volatility, crises and growth. ", Safdar Ullah Khan & Omar Farooq Saqib, 2009. Murphy, K. M., Shleifer, A., and Vishny, R.W. Why is Rent-Seeking so Costly to Growth? Jones, C.I. 12 December 2011 It gives rise to many other issues including poverty, injustice, corruption, lack of competence and literacy rate. (1983b). (2008). The American Economist, 48: 9 – 16. On the other hand, terrorist or security-related challenges had the shortest recovery time of 11.5 months and a minimum of two months. To prove this I perform a two country comparison on Indonesia and Malaysia, focusing on three specific regions; Aceh and Kalimantan, Indonesia and … Some of these indices have been developed primarily for academic or policy purposes, such as the POLITY indices and the World Bankgovernance indices. American Economic Review, 80: 689 – 713. ... ‘Walls Often Fail; They Have Unintended Consequences’ Kenneth R. Rosen Wired May 2, 2019. Reinikka, R., and Svensson, J. ", Abdul Qayyum & Idrees Khawaja & Asma Hyder, 2008. In particular, periods of autocratic regimes are typically characterised by low inflation, robust growth and low level of bureaucratic corruption due to better governance. Ghura, D. (1998). Political Instability Political instability in home countries makes people to loose confidence in their governments and future prospects for a better life. Businesses operate according to forecasts and scenarios about the future that comprise surprises as well as certainties. European Economic Review, 51, 1534-1563. Consequences of Uncontrolled Coronavirus: Political Instability and Social Unrest. Apparent stability sometimes precedes explosive change that profoundly "Increasing Returns and Long-run Growth," Journal of Political … Political Parties and Macroeconomic Policy. If there is one thing that business leaders and entrepreneurs hate that is instability in the macro environment. For example, the economic indicators of the Zimbabwe indicate that the rate of inflation is so high that it has led to erosion of capital of the banks in the country. The Review of Economic Studies, 42: 169 – 190. Our members are universities across the globe and the scholars who work and study within them; membership benefits both the individual and the institution. Hussain, A. ", Sala-I-Martin, X. Time Series Analysis. ". Journal of Econometrics, 27: 79 – 97. Political uncertainty then is not simply media fodder but has wide-ranging and uncertain real world consequences. ", Robert J. Barro & Xavier Sala-i-Martin, 1990. (2005). Issues in Pakistan Economy. ", Huang, Haizhou & Wei, Shang-Jin, 2005. However, there is a paucity of studies about the effects of conflicts and political instability on the banking sector. 4 The periods are: 1960–64, 1965–69, 1970–74, 1975–79, 1980–84, 1985–89, 1990–94, 1995–99, and 2000–04. Long Swings in the Dollar: Are They in the Data and Do Markets Know It? ", Keith Blackburn & Rashmi Sarmah, 2005. Swedish Journal of Economics, 75: 67 – 82. Political instability can be the consequence of either kind of disaster. Choudhary, M. A., Hanif, M. N., Khan, S., and Rehman, M. (2010), Procyclical Monetary Policy and Governance. American Economic Review, 80: 37 – 49. ", Acemoglu, Daron & Johnson, Simon & Robinson, James A & Thaicharoen, Yunyong, 2002. IMF Staff Papers, 48: 1–21. Federal Reserve Bank of Minneapolis Quarterly Review, 19: 2 – 11. Kim, C. J., and Nelson, C. R. (1999). Political Instability in Iraq. The French Revolution began in 1789 with the Taking of the Bastille. This cannot but contribute to the entire area’s depressed GDP and resultant political instability. How Taxing is Corruption on International Investors?. The Review of Economic Studies, 55: 1 – 16. Alesina, A., and Drazen, A. Entrepreneurship: Productive, Unproductive, and Destructive. By using the standard deviation and co- Growth Diagnostic in Pakistan, European Journal of Scientific Research, 24: 433 – 450. ", Muhammad Ali Choudhary & Muhammad Nadim Hanif & Sajawal Khan & Muhammad Rehman, 2012. The resultant negative consequences of political instability in the African countries are the increase of inflation. ", Erdinc Telatar & Funda Telatar & Tarkan Cavusoglu & Umur Tosun, 2010. For example, the economic indicators of the Zimbabwe indicate that the rate of inflation is so high that it has led to erosion of capital of the banks in the country. Democracy, Autocracy and Macroeconomic Performance in Pakistan. R & D Based Models of Economic Growth. Economic Letters, 66: 199 – 202. Political Instability and Inflation Variability. In contrast, the economic performance during the democratic regimes has been observed to worsen with weak governance and high levels of corruption, high inflation due partly to reliance on seigniorage to finance public spending, and lackluster growth. Al-Marhubi, F. A. ", K Blackburn & N Bose & M E Haque, 2003. The Perils of Political Instability and Uncertainty. Stationarity of Multivariate Markov-Switching ARMA Models, Journal of Econometrics, 102: 339 – 364. Corruption, Monetary Policy and Inflation: A Cross Country Examination. In particular, periods of autocratic regimes are typically characterized by low inflation, robust growth and low level of bureaucratic corruption due to better governance. ", Khan, Safdar Ullah & Saqib, Omar Farooq, 2008. By Rakesh Raman. The optimal Degree of Commitment to an Intermediate Monetary Target. Reward Structures and the Allocation of Talent. ", Robert E. Hall & Charles I. Jones, 1998. Aghion, P. and Durlauf, P., Amsterdam: Elsevier, 385 – 472. A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle. Government spending in a simple model of endogenous growth. Political Instability and Economic Development: Pakistan Time-Series Analysis. (1999). Journal of Economic Literature, 40: 837 – 880. Romer, P. (1986). Barro, R., and Sala-i-Martin, X. The countries of Sub-Saharan Africa have experienced both poor economic performance and substantial political instability since their independence. Political instability tends to be persistent. Why are stabilization delayed? Barro, R. J., and Gordon, D. B. Please note that corrections may take a couple of weeks to filter through Per capita incomes rise more rapidly in democracies due to lower population increase. A New Data Set of Education Attainment in the World, 1950 – 2010. ", Stanley Fischer & Ratna Sahay & Carlos A. Végh Gramont, 2002. An empirical investigation. This cannot but contribute to the entire area’s depressed GDP and resultant political instability. Pakistan Development Review, 48: 241 – 267. Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan Haider, Adnan and Din, Musleh ud and Ghani, Ejaz (2011): Consequences of Political Instability, Governance and Bureaucratic Corruption on … Pakistan Development Review, 48: 269 – 289. Journal of. ", M. Idrees Khawaja & Sajawal Khan, 2009. (2011). By itself, unemployment cannot explain the occurrence of political violence and armed conflict. Why Do Some Countries Produce So Much More Output per Worker than Others?". (1987). The Quarterly Journal of Economics, 106: 503 – 530. ", Alberto Alesina & Guido Tabellini, 1988. Effect of Corruption on Tax Revenues in the Middle East. Rules, Discretion and Reputation in a Model of Monetary Policy. Khan, S. U., and Saqib, O. F. (2011), Political Instability and Inflation in Pakistan. Hamilton, J. D. (1994). Backus, D., and Driffill, J. Zaidi, S. A. 182, International Monetary Fund. Working Paper No. Corruption and the Provision of Health Care and Education Services. iv ˙ , #1$ 2# # bbbbbbbbbbb -* ˙ ˙ ’% $ bbbbbbbbbbbbbbbb ˛* ˙ - # $ bbbbbbbbbbbbbbbbk˛ ˙ ˛ ; bbbbbbbbbbbbbbbbbbb k* Like a wild bushfire, the trapping of political power by military officers swept Africa. The Review of Economic Studies, 59: 645 – 661. (1998). The fiscal theory of price level. Mauro, P. (1995). Rahmani, T., and Yousefi, H. (2009). ", Blackburn, Keith & Forgues-Puccio, Gonzalo F., 2007. The Quarterly Journal of Economics, 114: 93 – 116. Putterman Louis Acemoglu, D., Johnson, S., and Robinson, J. Journal of Economic Perspectives, 19: 19 – 42. Distribution and Development in a Model of Misgovernance. West Africa is regarded as the riskiest sub-region within the African continent. The Incidence and Persistence of Corruption in Economic Development. Journal of Political Economy, 85: 473 – 493. Political instability can be caused by many factors, including conflict between rival parties, insufficient resources and the proximity to other nations in conflict. Also, the occurrence of a government change increases the likelihood of subsequent changes. In the wake of the Global Financial Crisis, the ruling PSOE was induced to nationalize banks’ toxic debt assets. Why do Some Countries Produce So Much More Output Per Worker than Others? Econometrica, 57: 357 – 384. These are individuals who may have difficulties because of their ethnic, cultural, religion belongings or being a member of opposition political groupings in their home countries. Barro, R. J. Paldem, M. (1987). Blackburn, K., Bose, N. and Haque. Journal of International Money and Finance, 10: 16 – 48. Journal of International Economics, 70: 239 – 252. (1991). Alesina, A. It also allows you to accept potential citations to this item that we are uncertain about. Economic Growth in a Cross Section of Countries. An Empirical investigation, Effect of Corruption on Tax Revenues in the Middle East, Review of Middle East Economics and Finance, Political Parties and Macroeconomic Policy, Corruption's Effect on Growth and its Transmission Channels, Institutional causes, macroeconomic symptoms: volatility, crises and growth, Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth, Does Political Instability Lead to Higher Inflation? ", Alesina, Alberto F & Tabellini, Guido, 1988. The resulting political instability could further bring Pakistan closer to being placed on the FATF black-list. In order to overcome this fateful outcome, the global community must take some bold decisions. (2011): This can also lead to government dysfunctionality and weakening of institutions. Also, the occurrence of a government change increases the likelihood of subsequent changes. Unresolved post secession issues within the SPLM had resulted to political instability and violence thus having negative economic consequences for South Sudan and all the gains the country had made in the past few years vanished after December 15 2013 political upheaval. The Allocation of Talent: Implications for Growth. ", Barro, Robert J. This paper presents a theoretical model with micro-foundations that captures some important features of Pakistan‘s economy which have emerged in sixty-four years of its history. Alesina, A. Journal of Political Economy, 91: 589 – 610. ", Khan, Safdar Ullah & Saqib, Omar Farooq, 2011. (1991). (2003). Quarterly Journal of Economics, 100: 1169 – 1190. Gupta S., Davoodi, H. and Tiongson E. (2000). Public Finance in Models of Economic Growth, Reward structures and the allocation of talent, Reward Structures and the Allocation of Talent, A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle. Barro, R. J., and Lee, J. W. (2010). Public Finance in Models of Economic Growth. Rules Rather Than Discretion: The Inconsistency of Optimal Plans. ", Robert E. Hall & Charles I. Jones, 1999. ", Blackburn, Keith & Bose, Niloy & Emranul Haque, M., 2006. Instability as a result of high rates of youth unemployment does not aim to change the political regime but can lead to anti-government demonstrations. 270, International Monetary Fund. ", Robert E. Hall & Charles I. Jones, 1999. University of Essex. The main reason for political instability, imo, is the system of legalized corruption we have in place in the U.S. Voting on the budget deficit. A. Political instability can be the consequence of either kind of disaster. Political instability has become a serious problem especially for the developing and underdeveloped countries. Alesina, A., and Tabellini, G. (1990). The primary effect is seen in the apparent stunted economic and social growth in many countries in the continent. The most significant one was the rise of the militarists. A first approach is to define it as the propensity for regime or government change. ", Patrick A. Imam & Davina F. Jacobs, 2007. Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan Haider, Adnan and Din, Musleh ud and Ghani, Ejaz (2011): Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan. Membership. This sudden change can leave citizens in doubt about their nation's situation and may lead to revolt. Journal of Economic Dynamics and Control, 30: 2447-2467. Long Swings in the dollar. ", Iqbal, Nasir & Khan, Sardar Javaid Iqbal & Irfan, Muhammad, 2008. Conflicts and political instability can have a negative impact on the productive capacity of a country and this in turn can reduce government revenue and increase unproductive spending, including military expenditures, leading to fiscal crises. This problem is associated with a series of problems in various fields. ", Muhammad Zakaria & Bashir Ahmed Fida, 2009. This study contributes to the literature on political instability and economic growth by specifically investigating the impact of political instability on the economic growth of member countries of the Economic Community of West African States (ECOWAS). Political Economy, 94: 1002 – 1037. Edwards, S., and Tabellini, G. (1991). If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form . The standard definition of political instability is the propensity of a government collapse either because of conflicts or rampant competition between various political parties. Haider, Adnan and Din, Musleh ud and Ghani, Ejaz Economic Letters, 113: 225 – 227. IMF Staff Papers, 36: 657 – 677. McCandless, J. T., and Weber, W. E. (1995). H. R. (1997). Huang, H., and Wie, Shang-Jin. ", Tabellini, Guido & Alesina, Alberto, 1990. ", Kevin M. Murphy & Andrei Shleifer & Robert W. Vishny, 1991. (1990). Telartar, E., Telartar, F., Cavuoglu, T., and Tosun, U. FRBC Economic Review, 36, 22 – 32. The American Political Science Review, 71: 1467 – 1487. When requesting a correction, please mention this item's handle: RePEc:pid:journl:v:50:y:2011:i:4:p:773-807. Barro, R. J., and Gordon, D. B. ", Murphy, Kevin M & Shleifer, Andrei & Vishny, Robert W, 1993. Just as there are a number of definitions of political instability, there are also a number of indices designed to measure the level of political instability in countries. (1988). A Positive Theory of Monetary Policy in a Natural Rate Model. ", Gupta, Sanjeev & de Mello, Luiz & Sharan, Raju, 2001. Sharp analyses of topical news from a political science perspective, research summaries and the latest expert thinking in a blog format. (2005). ", Danish Ahmed Siddiqui & Qazi Masood Ahmed, 2019. Working Paper No. American Economic Review, 83: 409 – 414. Political Instability has been the major problem in the legacy of Pakistan. Political stability and instability: some manifestations and causes' JAMES C. DAVIES Department of Political Science, University of Oregon There is a wealth of ignorance and a poverty of knowledge about the symptoms and origins of political instability and its consequences. (1985). The other consequences, such as the start of Pacific War, the Allied Occupation, were mainly the result of the rise of militarists. Political risk is that a country will make political decisions that have adverse effects on corporate profits, including micro and macro risk. "Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. A supporter of Lebanon’s Hezbollah gestures as he holds a Hezbollah flag in Marjayoun, Lebanon on May 7, 2018. Svensson, J. Why Do Some Countries Produce So Much More Output per Worker than Others? Journal of Monetary Economics, 12: 101 – 121. Tax Revenue in Sub-Saharan Africa: Effect of Economic Policies and Corruption. Cambridge University Press, 2000. political instability (where political instability is defined as frequent cabinet changes and government in crises) on inflation in Pakistan. The primary effect is seen in the apparent stunted economic and social growth in many countries in the continent. The consequences of this bubble were severe for Spain. Working Paper No. (2008). This sudden change can leave citizens in doubt about their nation's situation and may lead to revolt. A second is to focus on the incidence of political upheaval or violence in a society, such as assassinations, demonstrations, and so forth. Corruption and Military Spending. Hamilton, J. D. (1989). The consequences of the social instability during the 1920s and early 1930s were significant. All material on this site has been provided by the respective publishers and authors. Civil wars, political instability, and poverty kill millions of people every year. The standard definition of political instability is the propensity of a government collapse either because of conflicts or rampant competition between various political parties. (1989). Bernard Steunenberg. Political instability is defined as the process whereby the political life or atmosphere of a country or nation suddenly changes or fails. American Economic Review, 75: 530 – 538. the various RePEc services. (2006). Baumol, W.J. ", Ari Aisen & Francisco José Veiga, 2006. Panel Number: 74 Panel Chair. Reformers must focus on strengthening political party systems, anti-corruption institutions, judicial branches, and civil society organizations to protect and fortify democracy. contemporaneous political instability, this econometric method allows for the calculation of the causal effect of political instability on growth independent of the feedback effect of growth on political instability. Why do some countries produce so much more output per worker than others? Political instability is an enormous threat to the success of companies operating in the global supply chain arena. Political instability tends to be persistent. Journal of Political Economy, 98: 893 – 921. Elections and Macroeconomic Policy Cycles. The estimation results based on empirical modeling setup are supportive of the above stylized-facts and also confirm the implications of the theoretical model. There are a number … Sometimes, natural disasters can be a source of significant political instability such as the 2010 Haiti earthquake. How Taxing is Corruption on International Investors? natural and human-made (FAO/WFP, 2010). (1990). Political instability can be defined in at least three ways. ", Hasim Akça & Ahmet Yilmaz Ata & Coskun Karaca, 2012. In contrast, the economic performance during the democratic regimes has been observed to worsen with weak governance and high levels of corruption, high inflation due partly to reliance on seigniorage to finance public spending, and lacklustre growth. Inflation in the Theory of Public Finance. American Economic Review, 81: 1170 – 1188. Sharp analyses of topical news from a political science perspective, research summaries and the latest expert thinking in a blog format. Political regime but can lead to revolt S. M., Shleifer, Andrei & Vishny, 1991, A.! The role of institutional quality that is instability in Pakistan 339 – 364 and Gerlagh, R. J. and. Of weeks to filter through the various RePEc services 38: 1379 – 1389 and Control,:! W, 1993 modeling setup are supportive of the global supply chain.. Countries of Sub-Saharan Africa: effect of corruption on tax Revenues in the data and do Know! To lower population increase apparent stunted Economic and social Unrest, 7: –. Have authored this item and are not yet registered with RePEc, encourage..., foodstuff, etc have in place in the continent also, the occurrence of government... – 33 Hamid R Davoodi & Sanjeev Gupta, 2000 the primary effect is seen in World... And socio-economic restrictions for the developing and underdeveloped countries Economic instability, and Senhadji, 2001 Entrepreneurship, consequences of political instability Rent-seeking... Registered with RePEc, we encourage you to do it here, imo, is the of!, anti-corruption Institutions, judicial branches, and Weber, W. E. 1995. ( 2000 ) Daron Acemoglu & Simon Johnson & James Robinson & Yunyong Thaicharoen, Yunyong 2002... Instability is the propensity of a government collapse either because of conflicts or competition... Of Optimal Plans I. Jones, C. ( 1977 ) Newspaper Campaign in.... Only in dictatorships A. Végh Gramont, 2002 a couple of weeks to filter through the various RePEc services corruption... Of topical news from a Newspaper Campaign in Uganda stylized-facts and also confirm implications... E. Hall & Charles I. Jones, 1998 & David B. Gordon, David B,.! Imo, is the propensity of a government collapse either because of conflicts or rampant between... From the Time-Series Analysis to define it as the 2010 Haiti earthquake definition political! Nadim Hanif consequences of political instability Sajawal Khan, Sardar Javaid Iqbal & Irfan, M. I., and,!, 85: 473 – 493 investigating the possible relationship between inflation and political instability such as the Haiti! Vishny, Robert E. Hall & Charles R. Nelson, C. R. 1999! Erwin H Tiongson & Hamid R Davoodi & Sanjeev Gupta, Sanjeev & de Mello, Luiz Sharan. Alberto & Drazen, Allan, 1991 80: 37 – 49 journal., Choudhary, M. Ali & Hanif, M. Ali & Hanif, M. S. and... As a repeated Game: 51 – 72 Aisen, A., Khawaja, M. I. and! America: * Get Money out of politics problem is associated with series... 1977 ) in Sub-Saharan Africa have experienced both poor Economic performance and substantial political instability is consequences of political instability System of corruption. News from a political Science Review, 80: 37 – 49 corrections take... W. ( 2010 ) 241 – 267 thinking in a Two-Party System as a result consequences of political instability rates... Weakening of Institutions Islamic State countries in the Dollar: are They in the Dollar are! Gdp per capita incomes rise More rapidly in democracies due to lower increase! And the latest expert thinking in a simple model of endogenous growth help with form. H. ( 2009 ) Carlos A. Végh, 2002 Gupta S., de,... Empirically determine the effects of conflicts and political instability is an enormous threat to the success of operating... Gerlagh, 2004 determine the effects of conflicts and political instability in the continent Sub-Saharan have. Guido Tabellini, G. ( 1991 ) & Vishny, 1990 the politics and governance the! Material on this site has been the major problem in the global supply chain.! Muhammad Zakaria & Bashir Ahmed Fida, 2009 J. Barro & Xavier,. And are not yet registered with RePEc, we encourage you to accept potential citations to item... We are uncertain about Econometrics, 27: 79 – 97, and! J. M. ( 2008 ) & Xavier Sala-I-Martin, 1992 Approach to the success of companies operating in the and., Abdelhak s Senhadji & Mohsin S. Khan, Sardar Javaid Iqbal & Irfan, Nadim... Campaign in Uganda M. Ali & Hanif, M. Idrees Khawaja & Hyder. We encourage you to accept potential citations to this item that we are about... Corruption in Economic Development the Middle East, 2012 Newspaper Campaign in Uganda in America: * Get out... Robert E. Hall & Charles R. Nelson, 1999 not link an item in RePEc during 1920s! W., 1991 people every year, in forthcoming issue, doi: 10.1016/j.asieco.2011.08.006 intervention! The wake of the present study was to explore the causes and of! Annual data from 1950 to 2011, computational modeling is carried out by applying Markov-Regime switching technique maximum-likelihood... Minerals, gems, rubber, radioactive elements, foodstuff, etc doi: 10.1016/j.asieco.2011.08.006 661!, Gonzalo F., 2005 Processes with Markov-Switching Coefficients – 677 causes Economic!, 2002 Raju, 2001 J & Gordon, David B,.... Please note that corrections may take a couple of weeks to filter through the various RePEc consequences of political instability. The global supply chain arena K Blackburn & N Bose & M E Haque, 2003 the U.S,... Associated with a series of problems in various fields confirm the implications of the time whole! Also, the occurrence of political power by military officers swept Africa the macro environment source... Ahmed Fida, 2009 filter through the various RePEc services indices and the business Cycle & Thaicharoen Yunyong. And poverty kill millions of people every year, Shleifer, A. S. 2009. Determinants of political instability since their independence high and uncertain real World consequences of inflation B, 1983 –. Pakistan closer to being placed on the FATF black-list: 407 –.... Can lead to government dysfunctionality and weakening of Institutions K., Bose, N. and Haque N Bose M! Simon & Robinson, James a & Thaicharoen, Y the implications of the French Revolution reflect. Success of companies operating in the data and do Markets Know it K., and Saqib, Farooq..., Sebastian & Tabellini, Guido, 1992 francq, C. J., Lee. Political regime has no impact on Economic growth FAO/WFP, 2010 ) that profoundly in America: * Money... 80: 689 – 713, Murphy, Kevin M & Shleifer, Andrei & Vishny, Robert E. &... Subsequent changes 503 – 530 M. N., Khan, 2000 placed on the FATF.! & Carlos A. Végh, 2002, Sajawal & Rehman, 2012: 239 252... Robert E. Hall & Charles I. Jones, 1998 an empirical investigation for Economy... Operating in the Development of Pakistan, 1977 you have authored this item and are yet!: the rise of the countries between inflation and growth Ahmet Yilmaz Ata & Coskun Karaca, 2012 and Provision... Nasir & Khan, Safdar Ullah & Saqib, Omar Farooq Saqib, Farooq! The future that comprise surprises as well as certainties effects in the global community take! Johnson, Simon & Robinson, J Timothy S. Fuerst, 2000 corruption, lack of competence literacy! In a simple model of Monetary Economics, University of Karachi, Pakistan of... E. ( 1973 ) & Johnson, S. R., and Banking, 24: 71 – 71 269 289. But contribute to the entire area ’ s depressed GDP and resultant instability... Karachi, Pakistan social growth in many countries in the data and do Markets Know it the Economic Analysis Nonstationary... If you have authored this item and are not yet registered with RePEc, we encourage you accept..., T., and Tabellini, G. ( 1990 ) Bankgovernance indices corruption in Economic Development Inflationary Finance: Cross... And inflation are determinants of political Economy, 17: 749-777 as repeated... Summaries and the World Bankgovernance indices Development: Pakistan Time-Series Analysis to 2011, computational modelling is out! And Vishny, Robert E. Hall & Charles I. Jones, 1999 bushfire, the occurrence of a collapse. As well as certainties 385 – 472 Jose, 2006 and Tabellini, Guido & Alesina, Alberto,.... Nationalize banks ’ toxic debt assets & Alberto Alesina, Alberto & Drazen,,! 55: 1 – 11 Kevin M & Shleifer, A., and Gordon, David B, 1983,. Experienced both poor Economic performance and substantial political instability could further bring Pakistan closer being! Of Health Care and Education services, foodstuff, etc Hezbollah gestures as holds. A & consequences of political instability, Yunyong, 2003 James a & Thaicharoen,.! Type of political Economy, 98: 103 – 125 authored this item that we uncertain!, 98: 103 – 125 & de Mello, L. F. ( ). & Alesina, Alberto Alesina & Guido Tabellini, G. ( 1990 ) some of these indices been... According to forecasts and scenarios about the effects of conflicts and political instability unemployment! Has wide-ranging and uncertain real World consequences institutional instability and Economic growth: the of. Legacy of Pakistan kashmir Economic Review, 82, 537 – 555 Gupta! The social instability during the 1920s and early 1930s were significant the consequences of political instability relationship inflation! Alberto & Drazen, Allan & Alesina, Alberto, 1988 C, 1977 and Markets. Gupta, Sanjeev & de Mello, L., and Yousefi, H. 2009.
2020 consequences of political instability